Cuomo Moves To Protect Credit Scores Of Sandy Victims

Law360, New York (April 25, 2013, 2:19 PM EDT) -- New York Gov. Andrew Cuomo said Thursday thousands of people affected by Superstorm Sandy should not suffer “credit damage” along with home, auto and business losses and directed the state's banking and insurance regulator to force credit rating agencies take the storm into account.

The Democratic governor and Benjamin M. Lawsky, superintendent of the New York Department of Financial Services, said the state will direct credit bureaus to take immediate action to ensure Sandy victims don't get hit with unfair marks on their credit scores....